nd information technology, had confirmed at the Boao Fo

oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities

in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com

mercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold

able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

www.shanghaidianbaobao.cn

Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

trwater.com.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

www.euitdm.cn

As an important power promoting human develop

ment and progress, international communicators should further play up their special role in advancing unders

tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro

gress in the right historical direction while promoting exchanges among civilizations and mutual learning.

First, we should act as promoters of exchanges among human civilizations. The mutual depende

nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod

ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit

age of humanity”. The diversity of human civilizations is a basic characteristic of the world, as well as a sour

ce of the progress of humanity. In turbulent international situations, to maintain world peace, devel

www.qw46q.cn

Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

www.ax142.cn

In a spectacular display of indecision, the House of Comm

ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

chuangxiangjie.cn

Tax cuts on the way as steps taken at meetingplement a g

China will implement a group of measures to cut value-added ta

x rates, ensuring that the tax burden on all industries will only go down, according to a

decision made by the State Council’s executive meeting presided over by Premier Li Keqiang on Wednesday.

The Government Work Report this year set out a plan for l

arger tax cuts, including lowering the VAT rate in manufacturing and other industries from 16 t

o 13 percent and the VAT rate in transportation, construction and other industries from 10 to 9 percent.

A number of concrete measures were decided upon at the

Wednesday meeting to achieve the targets, which will be enacted on April 1.

Input VAT eligible for deduction will be expanded and will cove

r passenger transportation services. Taxpayers will be able to get their input tax on real esta

te payments deducted in full on a one-time basis, instead of on two occasions in two years.

shlfsm.com

New rocket engine to lift heavier satellite loadcommercial

China has developed a world-class solid-propellant rocket engine that is expected to boost the country’s capabilities in launching small satellites, its developer said.

The Academy of Aerospace Solid Propulsion Technology in Xi’an, Shaanxi province, a subsidiary of China Aeros

pace Science and Technology Corp, announced that the first ignition test of the engine was successfully made on Tuesday.

The academy said in a statement that the engine uses several ad

vanced technologies and high-performance composite materials and has world-class capa

bility. It can be used with the country’s new-generation solid-fuel rockets, giving such rockets more power to l

ift small satellites and also promising good competitiveness in the commercial launch market, it said.

The academy said the engine has a diameter of 2.65 meters, contains 71 metric tons of solid p

ropellant and produces 200 tons of thrust-making it the biggest and most powerful known solid

-propellant engine in China. The engine that previously held that distinction is made by the China Aer

ospace Science and Industry Corp Fourth Academy in Wuhan, Hubei province, and produces 180 tons of thrust.

trwater.com.cn

Trump, who has faced backlash for saying he took Kim’s

  word that the North Korean leader was unaware of former prisoner Otto Warmbier’s c

apture, said Saturday that he was torn between his obligation to negotiate and his support for the Warmbiers.

  ”I’m in such a horrible position,” Trump said. “Because in one way I have to negotiate. In

the other way, I love Mr. and Mrs. Warmbier. And I love Otto. And it’s a very, very delicate balance.”

  Democrats and socialism

  Trump also accused congressional Democrats of accepting socialism and trying to “replac

e individual rights with total government domination” during the speech.

  ”Just this week more than 100 Democrats in Congress signed up for a socialist takeover of Am

erican health care,” he said, apparently referencing the Medicare For All bill currently supported by many House Democrats.

  Trump said that the plan “would lead to colossal tax increases” and “take away private covera

ge from over 180 million Americans,” as opposed to the private plans and new cooperative plan backed by hi

s administration “where you get better insurance than Obamacare for a fraction of the cost.”

ax125.cn

Lai Xiaomin charged with bribery, corruption and bigamy

ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.

China Huarong is one of the country’s four largest State-own asset management companies.

It is alleged that Lai exploited various professional positions, including head of the Huarong

corporation and director-general of the banking supervision department of the People’s Bank of China.

While in these positions, it is claimed that he asked for and received significant benefits in exc

hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.

It also alleged that Lai was in illegal possession of a large number of public properties, a

nd that he was living as husband and wife with a woman other than his wife, the release said.

Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o

f the Communist Party of China in April last year for “serious violations of disciplinary rules

and laws”, and was expelled from the Party and removed from public office six months later.

The CCDI said he violated political disciplines and State financial policies to blindly expand the c

ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.

Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on

to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.

247xe.cn